ZIP code 55118: income, home prices and cost of living

The median household income in ZIP 55118 is $82,969, which is 9% above the Minnesota median of $76,183 and 21% above the national figure. The typical home is valued at $309,200, and the median rent is $1,229/month. 69.2% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$82,969

Minnesota average
$76,1839%
National
$68,75021%

Median home value

$309,200

Minnesota average
$240,20029%
National
$209,60048%

Median gross rent

$1,229

Minnesota average
$90636%
National
$98425%

Median age

42.0 yrs

Minnesota average
41.1 yrs2%
National
41.0 yrs2%

Homeownership rate

69.2%

Minnesota average
82.1%16%
National
75.8%9%

Bachelor's degree or higher

28.2%

Minnesota average
17.8%58%
National
15.9%77%

How ZIP 55118 compares with Minnesota and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

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Nearby ZIP codes in Minnesota

55117551195511655120551155512155122551135512355112

Or compare 55118 with 55117.

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What people search about ZIP 55118

Searches for the cost of living in 55118, the median household income in 55118, average rent in 55118 and home values in this part of Minnesota all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

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Methodology

Figures describe ZIP Code Tabulation Area 55118, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.